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's taxes. with taxes spiking the rich are fleeing for the borders. how much can the state take from the wealthy before there is nothing left? today's "money" power panel weighs in. >> didn't think new york apartments could get any smaller? oh how wrong you are. micro apartment are coming to the big apple. could the miniature spaces bring big profits to the developers and will they spread to more cities? one of the architects is here with the details. even when they say it's not, it's always about money. melissa: first let's look at the day's market headlines and today's market moment. the beat goes on for the bulls. strong earnings from the likes of ibm, and google helped give a boost to stocks. the dow and s&p 500 hit fresh five-year highs. the blue-chips rose 66 points. apple earnings are sliding after-hours. the company reported fiscal first-quarter earnings just a short time ago, beat expectations on the bottom line. came in a bit light on revenues. mcdonald's shares climbed. it beat expectations on the top and bottom line in the fourth quarter. also reported a solid rebound in
the payroll tax cut will cut into consumer discretionary spending down the line. apples ipads and iphones sold a lot but the profit margin was slim. is this a company story where the company is in trouble after the great steve jobs has passed snarp. >> it feels that way, larry. we've got this darling-to-dog story we've seen so often notice tech space. we have a gadget company in the tech space that's struggling with margins on its gadgets and a lot of the worst fears that they would face other gadgets from other kinds of companies seem to be coming to pass, but the service tech companies like google and netflix, they're all of a sudden out there increasing share. >> knock the cover off the ball. >> knock the cover on. and as long as you have a razor blade story and not a razor story, i think that's the difference peer. >> dave goldman, am i wrong? sometimes ji am very wrong. does this forecast a stronger american economy, even a moderately stronger economy? >> absolutely not. i was a raging bull in 2012. i'm neutral on it. the s&p is trading tick for tick with liquidity measures, such as infla
the exporters going down and then the wild card here is what is the government going to do with taxes, how does that affect business and consumer spending. so we're on that road, but the road is-- it needs a lot of pavement, stuart. hopefully our government will do the right thing by us. >> hopefully. >> stay there for a second, carol, i want your opinion on another news item. and we broke the story yesterday, union membership, it's way down. i've got some numbers for you, in all, 400,000 workers, less left the labor movement, gone, 400,000, the state of wisconsin lost 46,000, 13%. indiana, where a law passed last year that doesn't require workers to pay a union fee, still allows them to benefit from collective bargaining, that lost more than 56,000 union members in that state. down 18%. most of the municipal workers, by the way. and these are the lowest union levels since 1916, i believe. carol, it occurs to me that unions have a lot of political power at the moment, but they're sharply declining membership. >> they do. and you know, it's funny, i am he' the daughter of a union electrician so
are going to get into solutions. there is something they have been advancing called the robin hood tax. it is gaining steam, all kinds of americans are starting to buy into this. i want you to hear about a as one solution to the problem. please welcome roseanne. >> as we all know, wall street does not pay its fair share. there is a minimum of 50 cents on stocks. we all pay sales tax on everything that we buy. we sell something, we pay tax. this is paying to wall street -- you have gotten a pass. when you talk about jobs and education, i want to ask you, where are the jobs? they are not just trickling down or bubbling up -- there are no jobs in this country. i work for the labor movement -- it is being decimated by the right wing. i will talk about the financial transaction tax -- this is a part of the solution. i want to tell you, i represent registered nurses in the unions across this country. they are of the finest tradition of martin luther king -- they are about humanity. they do not make distinctions among patients. they do not care if you are rich or if you are poor, if you are b
lower. what you are seeing is a lot of investors wanting to take a profit before the capital gains taxes kicked in. you started seeing the stock sell off last september. as for today, they are choosing to get out and they are seating up. phones and tablets and the heat is coming heavier these days. >> it's about innovation here since steve jobs passed. tim cook took over and what does it say about tim cook's tenure as ceo? >> does he get the blame? sure. the buck stops with him. he's the same guy who oversaw the debut of the iphone 4s. he's the guy who stared the stock price. when kwook took over, the price doubled in the first year and his charge peaked in september. shares have tumble and there two camps and schools of thought. wall street and analysts say that they don't have the confidence that he can deliver, but this is an incredibly healthy company with $137 billion tucked away and the next four quarters show what this showed last night, maybe they will ree valuate. for now, cook should stay. >> we are just minutes away. president obama expected as we are looking live at the white
. >> greta: every time we hit one of the mile posts, whether it's sequestration or debt ceiling, taxes going up, whatever it is, what happens is the solution is just to extend is somehow and create another hurdle in a certain period of time and when we get to that point we do it again. i mean. >> that's not the best way to do it. >> greta: is there ever going to be a finality to this. >> one way or the other because there will come a point where the debt will deal with us if we don't deal with it. no doubt it has to be dealt with, we would hope we would deal with it it before that point of crisis before we become europe or one of the places that scramble to deal with it that should been dealt with a long time. the president of the united states gave his inaugural address on monday and barely mentioned the national debt and the fundamental argument only way for the middle class and create prosperity in america is for the government to have more control over our economy, more taxes, more regulations, more spending. there's a fundamental difference between the president's view of our future and
taxes and says he wants to pay his fair share. how lame is that? what happened to golfers of america. later, good news and bad news for smokers. ♪ ♪ humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at liberty mutual insurance. responsibility. what's your policy? ♪ ♪ >> andrea: all right. earlier this week , progolfer phil mickelson said he thought tax rates were too high, federally and in his home state of california. a day later he apologized and then he apologized one more time yesterday, promising he wants to pay his fair share. >> my apology is for talking about it publicly. i shouldn't take advantage of a forum i have as a professional golfer to try to ignite change. i love this country. it affords me to do what i love. i never had a problem before. i never had a problem paying his fair share. >> andrea: imagine being his wife. sorry i left trash
and further away made their living standards are slashed and force us to repeat or taxes used to build governments on the other side of the continent. we're for starting duties at some demonstrations of athens, madrid and rome. restarting casein in berlin, helsinki and the hague and of course were saying this frustration with the e.u. vary dramatically here in the united kingdom. europe's leaders have a duty to hear these concerns. indeed we have a duty to act on them and not just to fix the problems in the euro zone, but if in any emergency should plan for the amount as well as dealing with the present crisis center in the midst of present challenges we should plan for the future and what the world will look like when difficulties in the euro zone have been overcome. the biggest danger to the european union comes not from those who advocate change, but those who denounce new thinking is heresy. in its long history, europe has experienced heretics that turned out to have point. my point is this. for the same will not secure long-term future for the euro zone. more of the sample not fit
to be up against. >>> the transaction tax. americans pay it every day on everything we buy. but why doesn't wall street have to pony up? >>> and the latest on the quest for filibuster reform. will the senate actually change the rules and get something done? senator bernie sanders with us tonight. >>> good to have you with us tonight, folks. thanks for watching. if you wanted to know why congress has a record low approval rating, all you had to do was watch the circus on capitol hill today. outgoing secretary of state hillary clinton testified before senate and house committees today about the attack on the u.n. consulate in benghazi, libya. the committee members already have access to the full accountability review board report on the attack, as well as classified intelligence reports. secretary clinton has repeatedly taken responsibility for state department failures during the attack, but republican senators were still obsessed with one detail -- united nations ambassador susan rice and her description of the attack on september 16th. tea party senator ron johnson of wisconsin grilled s
to work legislation and low taxes have built taxes into a juggernaut. when governor rick perry was running for president he could claim, rightly, that his they created more than one-third of all of the jobs created in the entire country since the recovery began in 2009. amazing. not new york. not connecticut. texas. the lone star state unemployment rate of 6% handily beats up the nation. then there is louisiana, virginia. five and a half percent. oklahoma, five. new yorkers, pardon me, over 8%. the jersey, nine and a half percent. these metrics matter. the south is ticking new york's but the reid is a culture difference? hello, yes. thank goodness. i thought that is what liberals celebrated, diversity. i guess i probably shouldn't get so upset. after all, he has had this problem. the 40 year-old congressman was censured by the house two years ago after facing charges of 17 years of unpaid taxes on property in the dominican republic and more than 500,000 in undisclosed public assets. crazy. he also was investigated for raising millions from companies with business before the committee each
is suggesting what we call the earned entitlements like payroll taxes for medicare and social security are putting you in a taker category. no one suggests that whatsoever. >> jon: when you were saying takers you don't mean sweet old grams you mean hobo joe. i got it. but here is the thing: back in 2011 congressman paul ryan was pretty specific about how he defined taker. according to the tax foundation between 60% and 70% of americans get more benefits from the federal government than they pay back in taxes. we're getting to a society where we have a net majority of takers versus makers. >> jon: you are defining taker as as 70% of society. that's (bleep) takers. imagine how high that percentage would be if he included social security and medicare recipients on the taker list. you don't have to imagine it because it wouldn't be higher because it includes it on the taker list, social security and medicare according to the tax foundation report sighted by a paul reya, sorry ryan. if you don't include social security and medicare on the takers list you can't get to romney's more generous
an outdated and anticompetitive tax code, and to streamline government bureaucracies that are literally suffering job creation. they have done their jobs while senate democrats have tried to keep their priorities secret. now, we know senate democrats don't like the house budgets, and we know they don't even support the president's budgets, at least not with their votes. what we haven't known for nearly four years is what they're for, because they have refused to put their plans for the country down on paper and actually vote for them. now it's my hope that the democratic sudden interest in passing a budget isn't just another attempt to actually raise taxes. as i've said repeatedly, we're done with the revenue issue. the president has already said that the so-called rich are now paying their -- quote -- "fair share" -- end quote, and of course middle-class families are already on the hook for new taxes as a result of obamacare. so the question is who would be in the firing line this time? and at what cost? look, struggling families shouldn't have to pick up the tab again for washington'
austerity or the taxes are used to bail out governments on the other side of the continent. we are starting to see this in the demonstrations on the streets of athens, magid and world. we're starting to see it in the parliaments of berlin, helsinki and the hague. and yes, of course, we are seeing this frustration with the eu very dramatically here in the united kingdom. europe's leaders have a duty to hear these concerns. indeed, we have a duty to act on them. and not just to fix the problems in the eurozone. for just as in any emergency you should plan for the aftermath as well as dealing with the present crisis, so, too, in the midst of the present challenges we should plan for the future, and what the world will look like when the difficulties and the eurozone have been overcome. now, the biggest danger to the european union comes not from those who advocate change, but from those who denounce new thinking as heresy. in its long history europe has experience of heretics who turned out to have a point. and my point is this. more the same on the secure a long-term future for the eurozone.
gun owners a $1,000 a year tax credit for each of two years for turning in assault rifles to state police, none of these are expected to pass of republican controlled house. president obama's address triggered a scathing response from the national rifle association, the leader, rain lapierre, said that president made a mockery of our constitutional rights. >> they are god-given freedoms they belong to us, in the united states of america as our birth right, no government gave them to us, no government can ever take them away. lou: lapierre argued only reason that federal government would want to create a list of gun owners is to quote, tax them or takes them. our next guest is a texas gun shol owneshopowner who is now ca boycott of groupon, after the site canceled his dial for a concealed handgun training course, he said that groupon seems to e8 to to e88ing anyoneo believes in the second amendment with as monster. saying this statement -- including shooting ranges, conceal and carry, and clay shooting, have been placed on ed on hiatus while we review internal stanstandards. the cat
're in a minority in the senate and chuck schumer talking about a budget but one that will have more tax increases in it. >> one of the good things is, it's hard to do things like that in the senate if you don't have a preexisting law that does that for you. so i think we're done with the revenue discussion. now it's about getting spending under control, and i think republicans are going to be united on this. i hope very united. because we need to save this country from the fiscal ruin that awaits us if we stay on this road. >> what do you think has happened to your fellow republicans. like they lost their backbones? >> i don't know about that. neil. i think that -- when i talked to my fellow senators, there's a really strong resolve to make progress on this front. we got big battles coming up. i think we have to make sure the savings of the sequester stays in play. and win the continuing resolution expires in march, we have to make sure a continuation doesn't occur. i think my colleagues on the other side of the aisle will be engaged in that fight to preserve those things but we'll be battling a
tax comments. >> i have made some dumb, dumb mistakes and obviously talking about this stuff is one of them. my apology is for talking about it publicly. i shouldn't take advantage of the forum that i have as a professional golfer to try to ignite change. >> mickelson hinted earlier this week he may leave california or the united states because of how much he's paying in taxes. california has a new tax rate of 13.3 percent. that is your 5@5:00. >> tiger woods moved out of california fort same reason. >> four months after the terrorist atrack hillary clinton finally testifying about what she knew. there was no shortage in fireworks yesterday in what was a heated and emotional day on capitol hill. >> i am glad you are accepting responsibility. i think ultimately with your leaving you you accept culpability of the worst tragedy since 9-11. had i been president at the time and found you did not read the cables from benghazi or bam ambassador stevens i would have relieved you have your post. >> peter doocy is live from washington with more. >> peter do we have you there? >> yeah, i am he
up a fight in the spring over taxes, spending and the deficit. >>> it appears california will finish the month with a bump in tax revenue. according to the legislative analyst's office, the state is expected to end january $4 billion ahead of projections. the state also set a record on january 16 when the franchise tax board received $2.2 billion in taxes. experts say the excess money may be the result of a combination of state and federal tax changes. >>> government figures released today indicate that union membership in the united states is at its lowest level since the 1930's. the bureau of labor statistics says union labor declined. it's a drop of about 400,000 workers. the losses were spread across both the government and private sectors. >>> a state appeals court has upheld the right of a san jose car dealer to share its tips with other employees. in a unanimous decision, judges from the sixth district court of appeals said they could find nothing in the law that made the practice illegal. it is common in the restaurant business for waiters and waitresses to have to share tips
lawmakers to avoid a spending spree with the extra tax money approved by voters. katie marzullo is here with more. >> there were strict instructions for the legislature in the speech. the governor said they made a promise to voters to be responsible where their money. that is a promise they are going to keep. republicans are skeptical. >> in the third state of the state address since reclaiming office, governor brown offered words of inspiration. >> this generation has a rendezvous with destiny. we in california have a rendezvous with our own destiny. he praised the legislature cutting billions from the budget while reforming prisons and pensions. he thanks citizens positive embracing the new taxes of proposition 30, money that will not be squandered. >> governing never ends. we have promises to keep. the most important is the one we made to the people if proposition 30 passed we would guard the money jealously temporarily made available. this means living in our means and not spending what we don't have. >> other big topics include progress on the high-speed rail progress, reducing car
opinion on taxes themselves. nicholson set off a firestorm of controversy when he said he may have to move out of california because of recent hikes in federal and state taxes on the wealthy. when asked about it and the farmers insurance opened in california, he compared his remarks about the mistake he made the 2006 u.s. open. >> it was like when i tried to carve a three iron around the tree and made double bogey and lost the u.s. open. i think i will learn my lesson and take the wedge and get back and play. i made a big mistake talking about the stuff publicly and i should not have done that. >> still asking for a mulligan. he said that his tax rate is over 60 percent in the state. but according to the tax foundation in california tax experts, is closer to 51%. california recently became the state with high as top marginal tax rate banks to boaters passing in november a temporary tax hike on wealthy residents. >> new this morning police searching for a man who kidnapped a 13 year-old girl, i am live on the scene. >> also watching the bay area weather as we clear up this morning. we will
higher tax rate. his former neighbor says he has a point. he says the tax policy in their neighborhood is criminal. criminal. he'll explain. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benefits with the risks. all prescription nsaids, like celebrex, ibuprofen, naproxen and meloxicam have the same cardiovascular warning. they all may increase the chance of heart attack or stroke, which can lead to death. this chance increases if you have heart disease or risk factors such as high blood pres
and wondered whether there was selling for tax reasons and things of that nature and the people i have spoken to this morning, who do manage money, say the same. all right. let's watch it today. let it weed out and then perhaps revisit it in a few days. >> a couple of dividend. you talked about how that could help, maybe they actually go in and do a buy back of monstrous proportions. >> that could be around the corner. their next meeting, board meeting, is february, when they initiated the dividend f that's catalyst that's a catalyst. isn't it sad to think this was once the go go growth company and now looking the a possible dividend or buy back as the next catalyst for the shares? my how things have changed. >> that requires a management that thinks there's something wrong with the stock. requires a management to hit the stock, maybe they are, maybe they are not. >> buy back or a dividend, acknowledgments? >> so clear the stock was blowing up during the conference call. very clear, but the company was talking about good product, good product. >> companies don't want to acknowledge they are n
them for violating housing codes, and they also received notices for $11,000 in back taxes as well as for unpaid sewer and garbage bills. then to add insult to injury, a debt collector from chase sent them an $84,000 bill for missed mortgage payments on a house that chase told them that they had foreclosed upon. the kellers are not alone. this type of horror store is commonplace, believe it or not. call it the rise of the zombie title. in joseph keller's case, the term is tragically apt because if he can't get his name off the title soon and get his disability to cover a liver transplant, this back from the dead property could literally end his life. their story and others have been chronicled in a special report by reuters reporter michelle con lynn. michelle joins us from new york city to talk about the latest disgraceful chapter in the mortgage crisis. michelle, welcome inside "the war room." >> thank you so much for having me. >> jennifer: you bet. what made you decide to write this story? >> well, i had been covering the whole world of foreclosures for a couple of years and ab
's aides note the president warned the speaker if he didn't agree to tax increases and a long-term hi ceiling, the president would campaign against him for the next two years, charging he caused another recession. which is why boehner's aides say anailiation is the right word. >> bret: ed henry live on the north lawn. thank you. what do republicans plan to do about it? chief political correspondent carl cameron is in charlotte where the g.o.p. is holding the first big conference since the election. good evening, carl. well, the plan to avoid political annihilation that wants to impose on them is the plan to come back from election defeat. they lost big with minorities. according to the blacks and asians, dominant theme here. >> trying to connect with the voters. the biggest thing is how do we have the right message at the right tactic to connect in the long-term to the voters, and increase their involvement. >> rnc is doing a major autopsy on 2019 and issue a report in march. so far they have been brutally candid about their mistakes. particularly the failure to compete with digital c
about people having a disposable income now. they are paying higher taxes, they are seeing a smaller payroll check. neil: that apple could have charged a premium for their products because they are cool. >> they could easily lose their cool. is it still taught everything to say that i have the iphone? not exactly. samsung has the cool power right now. a lot of competitors are coming out with very cool phones. if you are the tech guy, you are leading the way. you are looking for the newest and best and brightest thing that is out there and apple hasn't given us anything. neil: we are talking about a lot of advanced products. the new big thing is somethingnw that i may not hear about. >> well, i think the what wenize have to recognize about apple -a i'm not talking about apple tv. i'm talking about the version four. the one where they actually -- let's just work this out for a second. [talking over each other] [talking over each other] >> there is a point in time when you were going to watchady everything, you know, on the internet ready phones. kille tv is a step in that direction. tn
mickelson after he said high taxes might chase him out of his home state of california. why one of the world's highest paid athletes is now why he is saying he is sorry? bill: man, have you been outside? it is epic cold. this is gripping most of the country. windchill readings falling to 30 below. if you live there, you know how cold it is. that is chick -- chicago screen left. how can avoid being outside. martha: good idea. >> keep moving. layers. i have on like three layers. if i need to i take something off, put something on as need be. i used to say the summer was worse but now i want to say the winter. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. bill: mitt romney heads to washington, d.c.. two of his former aides saying the former republican presidential nominee and his wife ann will be in the nation's capitol, make that friday, for a luncheon in their honor. friday is the luncheon. the forme
. they need a breather now. they've been on the defense for a year on tax cuts for millionaires, on toughness, shutting down the government, they're not going to compromise. they need to recalbright here, a reset button needs to be pushed and it seems like in every aspect of government. and fight on future spending, not on obligations already incur. >> ifill: in the inaugural address this week, we saw the president lay out his gold for what he wants the next four years-- or the next year at least to be. what is the republican counter to that? >> i think the republicans have recalbrighted their tactics but not their end goals. they're in favor of cutting spending without new revenues. paul ryan this morning said no new revenues. the president has gotten all the revenues he will get. they have doubled down on spending cuts. they say they have a plan that will balance the federal budget in 10 years. you can only do that without revenues if you have really devastating cuts on all kinds of domestic programs and we'll see if they're willing to deliver on that. >> ifill: one democrat today and repub
the high speed computer trades. >> is there any downside to a tax? >> yeah, if you're a hedge fund manager or one of the high-speed traders, you're going to have to pay some tax and it's going to discourage you from making bets that distort the market. for the rest of us, i don't see a downside, ed. >> how would we make a determination? because you know they would come back and say oh, this is really going to hurt the economy. how would this hurt the economy? >> i don't see how discouraging speculation, which is almost all done with borrowed money. they effectively borrow money at a rate of 30 to 1. you put 3% down and borrow the rest of the money. i don't see how this hurts the economy. and if we reduce this volatility and reduce market distortion, we can get back to having a market focused on investments that create production in the future and wealth in the future, not creaming the market today through speculation. >> quickly, you think this is something congress could embrace? >> not probably in this congress in the house, but i think this is an idea. it's been around for 80 ye
, which is to say neanderthal republicans, who will under no circumstances raise taxes or include spending on anything, except of course, when they increase spending on things that they like. crazy wayne quoted only one person to support his defense of absolutism. a supreme court justice. no, not anton scalia, the most conservative member of the court, because justice scalia disagrees with lapierre on the second amendment. he does not believe that the right to bear arms is absolute. >> what limitations on the right to keep and bear arms are permissible. some are, because there were some that were acknowledged at the time. >> no, there is nothing any current member of the supreme court has said that could help crazy wayne make his case last night. and so he reached all the way back to a supreme court justice who died 41 years ago, and was a liberal member of the supreme court, who if he were alive today would be a solid vote for gun control on the supreme court. >> don't take it from me, take it from former democratic u.s. senator, and u.s. supreme court justice hugo black. 50 years ago, af
Search Results 0 to 49 of about 105 (some duplicates have been removed)